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The top 10 stocks that will be the subject of today’s attention are listed below:
Keynes Technologies: Following a successful initial public offering, the end-to-end and IoT solutions-enabled integrated electronics manufacturing company Kaynes Technologies will make its market debut on Tuesday (IPO). Kaynes will be listed on the BSE in the “B” group of securities for trading and dealing. The company’s listing was also informed to NSE. Strong demand from all types of investors resulted in a 34.16 times oversubscription for the Rs.858 crore IPO.
FSN E-Commerce Ventures: Private equity firm Lighthouse India will sell shares in FSN E-Commerce Ventures, which manages Nykaa, in a block auction tomorrow for Rs.335 crore. According to sources, The Bank of America Corporation has been selected as the deal’s lender. Lighthouse India anticipates selling the shares for between 180 and 183.5 rupees each, which is 2% less than the e-commerce beauty company’s most recent closing price on Monday.
NDTV: Beginning on November 22, the billionaire Gautam Adani-led Adani Group will launch an open offer to purchase an additional 26% interest in news organisation New Delhi Television Ltd. from the market. According to a letter from JM Financial, the company conducting the offer on behalf of the Adani Group entities, the offer, for which a price band of Rs.294 per share has been defined, will begin on November 22 and end on December 5. The previous window for Adani’s open offer was from October 17 to November 1.
Jindal Steel and Power: The energy ministry of Botswana has named Jindal Steel and Power (JSPL), India’s largest steel, mining, and infrastructure company, as the preferred bidder in a competition to construct a 300 megawatt (MW) coal-fired power plant. For the one fossil fuel-based power plant that the landlocked nation of Southern Africa plans to purchase over the next two decades, Jindal was one of the businesses that submitted a bid.
Nazara Technologies: On Monday, Nazara Technologies reported a 11% increase in its profit after tax for the quarter ended in September 2022, from 153 crore to 169 crore. According to a statement provided to stock exchanges, the company reported that its revenues increased by 104% to Rs.2,638 in the reviewed quarter from Rs.1,296 crore in the comparable quarter the previous year.
Reliance Industries: On Monday, the National Company Law Tribunal (NCLT) approved the acquisition of Reliance Infratel (RITL), which is the owner of the tower and fibre assets of Reliance Communications, by Reliance Jio subsidiary Reliance Projects and Property Management Services. To complete the acquisition of RCOM’s tower and fibre assets, the NCLT has requested that Jio deposit 3,720 crore into an escrow account at the State Bank of India (SBI).
JK Paper: On Monday, JK Paper said that it would gradually purchase Horizon Packs Private Ltd and Securipax Packaging Private Ltd for around 578 crore. The company stated in a regulatory filing that HPPL and SPPL have seven plants spread out across the nation. JK Paper will purchase an 85% stake in each company by purchasing 26.92 crore equity shares in HPPL for Rs.19.33 per share and 4.63 lakh equity shares in SPPL for Rs.1,256.95 each.
HDFC Bank/Canara Bank: According to a report cited by news agency Reuters on Monday, the Reserve Bank of India (RBI) has permitted prominent private sector lender HDFC Bank Ltd and state-run Canara Bank Ltd to register a special “vostro account” for commerce in rupees with Russia. Vostro accounts are crucial to correspondent banking since they are accounts that a bank manages on behalf of another, frequently a foreign bank.
Sadbhav Engineering: According to sources, Vasistha C. Patel has resigned as the organization’s Chief Executive Officer (CEO) with immediate effect. The sources further stated that Nitin R. Patil left his positions as executive director and chief financial officer (CFO) of the business.
Bharti Airtel: In Haryana and Odisha, Bharti Airtel has raised the cost of its lowest recharge mobile plan. The cost of the minimum monthly recharge plan has increased by around 57% to 155 in both states, according to the company’s website. In Haryana and Odisha, the cost of Airtel’s minimum recharge plan up until this point was 99. 200 MB of mobile data were available, and calls cost 2.5 paise per second. The 155 plan includes 300 SMSs, 1GB of total data, and unlimited voice calls.